Depreciation is a deduction against passive income (Sch E), and it is never "written off against ordinary gains" (which is not a correct expression either way).Here is the IRS Publication 527 link.Dealing with HOA is not my area of expertise, but I suggest to approach them nicely.

.- Logo designed and color palette chosen for consistency and professional look- Facebook and Instagram biz pages put in place- I am a graphics designer and created templates for coming soon, new listing, etc online ads using chosen color scheme- Website created (no IDX due to no money :-) )- Door knocking on 100 doors and left flyers I designed.

The Tax Court therefore ignored what was “on paper”, looked at what was actually going on (“the substance”), and imposed the over-contribution tax.This approach spells the end of all the “magically stuff your Roth” schemes I have seen.

I'm now a licensed real estate agent with Exit Realty Metro (MN) and Homestead Realty (WI)) I am by no means rolling in cash (and proudly enjoy Sports Clips haircuts and obsessing about airline miles for my vacations) but real estate has helped me catch up on my retirement savings and provides a nice second source of income, which helps me stress less about taking on as many clients in my day job (or charging those clients a ton of money).My day job: I’m a political consultant that has managed campaigns, led field programs, designed trainings, or consulted on over 50 campaigns in 18 US states and 8 countries.

Your approach was professional, direct, fair but you set the standards so people will not feel they can do business any kind of way when it comes to you and your properties.

I'm not really sure how to approach this situation:1) I could just let her out of the lease, i.e. treat it as though the other two are assuming it.

The number times that I've been scammed, or close to it, approaches 100%.The refrigerant matters because a shifty tech will sell you R22 and then next year try to upsell you to a new system using R410A, or worse, sell you a whole new R22 system knowing that prices to repair it will escalate every year.But please, tell me why a refrigerant might need to be replaced every year?

I would say that if you're here asking "how am I going to manage rehab from afar", then you probably shouldn't be doing heavy rehab from afar quite yet.A good approach, if you don't want to buy turnkey, is getting a property that's already tenanted that might need some cleanup inside if that tenant leaves, but can be purchased at a good discount.

I've joined the family business and am looking to start investing out of state; I really want to purchase my first investment property PERSONALLY but am (of course) struggling to figure out an approach to this deal.

They are jobs.If you want to create a low effort income stream (I would not refer to even buy and hold RE as truly passive) then BRRRR is a good approach.